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Latest: Asia Stock Market News

Musk ‘Eroding Tesla EV Sales’, But do Bigger Things Lie Ahead?
Musk ‘Eroding Tesla EV Sales’, But do Bigger Things Lie Ahead?

The world's richest man is in the spotlight again, but with Tesla shifting its focus to robotics and AI, some are predicting Musk could be the world's first trillionaire

Hang Seng Gains on Property Bets, Strong Yen Weighs on Nikkei
Hang Seng Gains on Property Bets, Strong Yen Weighs on Nikkei

With the odds shortening on a US rate cut, investors were in risk-taking mood with China’s property giants benefitting

Asian Bonds See Best Month of Net Purchases in Five Years
Asian Bonds See Best Month of Net Purchases in Five Years

Traders are banking on the Federal Reserve opting for a hefty interest rate cut this week to head off a downturn in the labour market

Oil Nations Blocking COP29 Efforts on Fossil Fuel Phaseout – FT
BIS Warns Central Banks Not to Squander Interest Rate Buffers
Huge Storms Battering China, Causing Chaos in Southeast Asia
TikTok Set For Day in Court to Fight Potential US Ban
Hang Seng Gains as Poor Data Spurs Policy Bets, Nikkei Closed
Big US Banks Cut China Growth Outlook Amid Industrial Slowdown
In a First, Top Bank Hands Out Loan For Carbon Removal Credits

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Markets: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors